EFTA01197414.pdf

Existing "White Label" DAF Sponsoring Organization (e.g., NPT) Sole Voting Member: White Label Elects Majority of Elects Board of Directors Directors/BMGF Elects Minority NewCo New OAF Sponsoring Organization Public Charity Public Charity 1.70(b)(1)(A)(vi) 1.70(b)(1)(A)(yi) Required distributions Donor A OAF Donor C DAC Donor D DAF o •• co E E 0 LL g. W • BMGF administers affiliated NewCo. Elects board of NewCo, who • Wh'te L bel administers affiliated organization dedicated to can be BMGF employees, friendlies, and/or "blue ribbon". our donors. Our choice of branding. [At what cost?) [Consider Recommend start with employees. single member LLC?) • Donors have advisory privileges over individual DAFs for (1) • BMGF administers NewCo grantmaking alongside its own. investment managers; (2) investments; and (3) charitable • NewCo investment policy would mirror BMGF's (highly liquid) contributions within specified parameters • NewCo could receive funds directly from donors not interested in • DAFs have an X% annual payout requirement, at least 60% of a OAF which must go to one or more silos at NewCo. Donor may select silos. Balance administered by White Label and • Distributions from DAFs to NewCo must be known and reliable to distributed to donor causes as advised by donor. allow for BMGF planning • Entity is not a supporting org. but would be similar EFTA01197414